Depends entirely on your cc&r's and local law. Get a copy of the cc&r's and explain your situation to a local real estate lawyer. He may have something for you. Associations almost always screw up something and this may be a defense.
Real Estate Lawyers are slow right now and you may find one who will cut you a brake on the fees.
Please consider a Deed In Lieu of Foreclosure. Essentially you will be giving the property back to the bank in exchange for a full release. Please visit Sulaimanlaw.com for a full explanation. Failing that you would try a consent foreclosure, essentially the same thing but it is done through the court. Both procedures are outlined in the Illinois Mortgage Foreclosure Act. Please hire competent counsel to achieve this goal. Listen very closely, Short Sales are difficult and from our experience rare. They are commonly used by the bank as a carrot to keep you from defending the lawsuit. Please find an attorney in your area to discover if you have can put up any defense, even at this late stage to force the above referenced maneuver.